Nifty Volatility Is Likely To Be High 0 1365

Pre Market Updates: Thursdays August 30
Nifty levels
  • Asian markets are trading on a flat note
  • Yesterday slide in index heavyweights Reliance Industries, HDFC Bank and Infosys made Nifty50 snap two-day gains,
  • Call writing was witnessed in strikes with 11750 CE indicates upper side is in sell pressure.
  • Metal, realty, PSU, oil&gas, infrastructure and auto indices doing good right now
  • After yesterday’s correction, Nifty is likely to correct further and if it breaks 11,680 levels then major fall is likely.
  • Volatility is likely to be high on Thursday due to expiry of August futures & options contracts.
  • We can expect Nifty to trade between 11680 and 11780.

Nifty50 Technical Analysis

The index formed bearish candle on the daily candlestick charts

Options Data Tracking

  • Nifty max pain level currently at 11600
  • Bank Nifty max pain level currently at 28200

Put Call Ratio

  • Nifty PCR at 1.78 versus 1.94
  • Nifty Bank PCR at 1.17 versus 1.35

Max O.I Strikes

  • Nifty: 11800CE, 11500PE
  • Bank Nifty: 28500CE , 28000PE

FnO Stocks under Ban




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